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15505 W Rockridge Rd
New Berlin, WI 53151 Eastern Waukesha

$3,461,538 USD

Restaurant For Sale  •  4,773 SF

Property Details

  • Property Type Restaurant
  • Total Building Size 4,773 SF
  • Lot Size 1.13 AC
  • Building Class C
  • Year Built 1990
  • Cap Rate 6.50 %
  • Tenancy Single
  • Zoning M1
0 Transit Score
40 Walk Score

Highlights

Four Assets - Available Individually or as a Portfolio.
20-year Sale-leaseback Opportunities - Offering turn-key, absolute-net opportunities backed by two powerhouse brands and a seasoned operator.
Hands-off Ownership with Increases that Protect Long-Term Value - All four properties are secured by long-term 20-year absolute triple-net (NNN) lease
Applebee's + IHOP Dual Branded Locations - All four properties to undergo Applebee's-IHOP dual branded conversion.

Property Flyers

Cap Rate: 6.50 %

Major Tenants

Tenant SF Occupied Lease End Date
IHOP

Amenities

  • Freeway Visibility

Public Transportation

AirportDriveWalkDistance
General Mitchell International 21 min - 12.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 50
Type: Surface
Included in Rent: Yes
Nathan Powers 414-491-2327 CBRE
Nathan Powers 414-491-2327 CBRE